Credit rating agency, CARE has revised the assigned rating from BB+ to BB for long-term bank facilities worth Rs 15.00 crore of Camex, which was enhanced from Rs 11.50 crore. The rating agency has also revised the assigned rating from A4+ to A4 for short-term bank facilities worth Rs 26.50 crore which was enhanced from Rs 17.50 crore of the company.
The company has received the said rating revision on account of the decline in its trading volume apart from deterioration in leverage on the back of increasing working capital intensity of its operations.
Camex is mainly engaged in the trading of dyes and intermediates and also has its own dye manufacturing facility at Ankleshwar in Gujarat with an installed capacity of 1,020 metric tonne per annum as on March 31, 2011.
| Company Name | CMP |
|---|---|
| Sudarshan Chemicals | 874.00 |
| Bodal Chemicals | 67.59 |
| Shree Pushkar Chem | 347.25 |
| Kiri Industries | 419.00 |
| Ultramar & Pigments | 418.95 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: